Newcastle United End Virgin Sponsorship Early

Newcastle United have announced that their sponsorship with Virgin Money will end after the last match of the 2012/13 season.

The deal, which was signed in January 2012, was due to run until the end of the 2013/14 season.

The club expects to announce a new sponsorship deal in the coming weeks which will commence after the last match at the end of this season.

Virgin Money will remain as club sponsor until the end of the current season however, Newcastle have chosen to exercise its contractual right, as both parties had the option to do, to end the two-year sponsorship deal with the bank at the end of this season.

The Virgin Money name will continue to be worn on the iconic black and white shirts for the remainder of this season.

Derek Llambias, Newcastle United's Managing Director said on club’s official website: "We have enjoyed a very successful partnership with Virgin Money which we thank them for.

“However we have decided to end the agreement early and we will be announcing a new sponsorship partner shortly which represents an excellent commercial deal for both parties."